Latest Articles
Digital Rupee (e₹) – RBI FAQs
Fema / RBI : RBI clarified that the Digital Rupee is legal tender with features similar to physical cash. It enables secure, instant, and fee-f...
As a Foreign Company, Do I Need to File Annual CIT in China?
Income Tax : The issue is whether foreign businesses without offices in China must comply with tax laws. The key takeaway is that activities an...
GST Enforcement Excesses: Misuse of Section 130 Against Genuine Taxpayers
Goods and Services Tax : The issue highlights illegal confiscation of goods under Section 130 without evidence of tax evasion. The key takeaway is that pen...
Procedure of alteration of Memorandum of Association under Companies Act, 2013
Company Law : The procedure outlines steps for altering the Memorandum of Association, including board approval, shareholder resolution, and reg...
Practice vs Job – A Real Career Dilemma for CA
CA, CS, CMA : The discussion highlights the key dilemma faced after CA qualification—practice or job. It concludes that the right choice depen...
Latest News
Delhi GST Detects ₹60.59 Cr Fake ITC Fraud; One Arrested
Goods and Services Tax : Authorities uncovered fraudulent ITC claims based on fake invoices without actual supply of goods or services. The accused was arr...
Empanelment of Concurrent Auditors With Canara Bank
CA, CS, CMA : Canara Bank has invited online applications from Proprietary Concerns, Firms and LLPs for empanelment as concurrent auditors for 7...
ICAI Convocation May – 2026 Dates and Locations
CA, CS, CMA : ICAI has released the May 2026 convocation schedule for members enrolled between Dec 2025 and Apr 2026. Eligible candidates will r...
CA Profession Not Low-Paying, Says ICAI While Rejecting Misreported Salary Data
CA, CS, CMA : The issue involved a media report alleging low returns and poor salaries for Chartered Accountants. The Institute clarified that t...
Salient Features of Income Tax Act 2025
Income Tax : The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and ...
Latest Judiciary
ITAT Quashes Section 271(1)(c Penalty as Unsigned SCN Held Void in Law
Income Tax : The issue involved validity of penalty proceedings initiated through an unsigned notice. The Tribunal ruled that such a notice is ...
Section 11 Exemption Allowed as Property in Trustees’ Names Held Not Beneficial to Them
Income Tax : The case examined whether property registered in trustees’ names violated Section 13(1)(c). The Tribunal held no violation as no...
TDS Default Not Applicable as Section 197 Certificate Covers Entire Assessment Year
Income Tax : The case examined whether a lower TDS certificate applies prospectively or for the full year. The Court held it applies to the ent...
CENVAT Demand Set Aside Because Statements Recorded Under Section 14 Were Used Without Mandatory Section 9D Compliance: CESTAT Delhi
Excise Duty : CESTAT Delhi held that statements recorded during investigation cannot be relied upon as evidence unless the mandatory procedure u...
State GST Officer Lacked Jurisdiction as IGST on Imports Can Be Assessed Only by Customs Authorities: AP HC
Goods and Services Tax : Avanti Feeds Limited Vs Deputy Commissioner of State Tax (Andhra Pradesh High Court) The writ petition before the Andhra Pradesh H...
Latest Notifications
PFRDA Clarifies CRA Charges Due to Need for Uniform AMC Structure Across NPS Accounts
Corporate Law : The authority clarified AMC alignment between Tier I and Tier II accounts to ensure uniformity. It also exempted low-balance accou...
SEBI Operationalises PaRRVA Due to Need for Verified Performance Disclosure in Securities Market
SEBI : SEBI introduced PaRRVA to ensure verified reporting of risk and return metrics by regulated entities. The framework restricts unve...
Mandatory PAN Requirement Introduced for Post Office Transactions Under Income Tax Rules 2026
Income Tax : The consolidation into Form 121 introduces stricter documentation and reporting obligations. The decision emphasizes accountabilit...
AMC for Tier II Accounts Aligned with Tier I but Waived for Low Corpus up to ₹21,000
Corporate Law : Accounts with no contributions for four consecutive quarters will be classified as dormant and charged reduced AMC. This lower fee...
Duplicate DIN Attracts ₹50,000 Penalty Despite Unintentional Error
Company Law : A director was penalized for holding two DINs in violation of statutory provisions. The key takeaway is that even inadvertent non-...
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FAQs
RBI clarified that the Digital Rupee is legal tender with features similar to physical cash. It enables secure, instant, and fee-free transactions through digital wallets.
Understand the mandatory GST compliances when closing a business, including return filing and tax on stock. The guidance clarifies liability calculation and procedural requirements.
The scheme provides a last opportunity for defaulting companies to file pending returns and financial statements with reduced penalties. It emphasizes that failure to comply within the window may lead to strict regulatory action, including strike-off.
This explains why operating a payment system without RBI approval is prohibited under law. The framework ensures only compliant and vetted entities can handle financial transactions, safeguarding systemic integrity.
Overview of the Constitution (106th Amendment) Act, 2023 covering women’s reservation in Parliament and Assemblies, its scope, timeline, and conditions.
